The annual Jackson Hole summit, hosted by the Federal Reserve Bank of Kansas, gathers central bankers and economists to discuss pressing economic issues. This year, the focus is on labor market changes amid demographic shifts, productivity, and monetary policy. Tensions…
Higher-than-expected borrowing figures for April have created pressure for UK Chancellor Rachel Reeves, with predictions of tax increases in the autumn. The Office for National Statistics reported borrowing at £20.2 billion, up £1 billion from last year, raising concerns over…
A new study shows that more than three million people in Germany are engaged in unreported work, equivalent to 5.4% of the population aged 15 to 74. The Institute of German Economy (IW Köln) highlights that while Germany ranks relatively…
The Christian Democratic Union (CDU) plans to launch its ‘Agenda 2030’ initiative to stimulate economic growth in Germany, aiming for an annual increase of 2%. Key proposals include major tax reforms, reduced energy prices, and a focus on innovation in…
In an interview with tagesschau24, Schleswig-Holstein’s Ministerpräsident Daniel Günther repudiates claims that the Schwarz-Grün coalition strengthens the AfD, calling such assertions ‘fairytales.’ He emphasizes successful governance and reform needs related to the Schuldenbremse. Günther expresses confidence in the coalition achieving…
In an interview with ERTNews, Greek Deputy Minister of Labor Kostas Karagounis addressed key economic issues, highlighting a significant drop in unemployment to 9% for the first time. He anticipates further improvements and proposes reforms to the unemployment benefit system….
Canadian Prime Minister Justin Trudeau firmly rejected U.S. President Donald Trump’s suggestion that Canada could become the 51st state, asserting that there is ‘not a snowball’s chance in hell’ for such a union. The exchange follows Trump’s threats to impose…
During an interview on ERTNews, journalist Thodoros Vgenis outlined the Greek government’s key policies targeting tax evasion, increasing investments, and enhancing incomes. Goals include raising annual revenue from tax enforcement to €2.5 billion by 2027 and aiming for a reduction…
In preparation for the upcoming elections, Christian Lindner and the Free Democratic Party (FDP) are betting heavily on economic issues to turn their fortunes around in the polls. Lindner’s strategy is bold yet risky, as he aims to make the…
Chancellor Olaf Scholz arrived late to a press event at the SPD headquarters, facing urgent complaints from industry leaders about soaring energy prices crippling the economy. With elections approaching, Scholz introduced a tax incentive to support investments, emphasizing the need…
French ministers Éric Lombard and Amélie de Montchalin have invited the Socialist Party, Communist Party, and Ecologists to discussions at Bercy regarding the preparation of the 2025 budget. The meetings are set to take place next week, following a tumultuous…
Turkey’s inflation rate decreased to 44.3% in December, marking the seventh consecutive month of decline. However, this reduction is slower than expected, as the country has been grappling with high inflation for years, peaking at 85% at times. In response…
